WHY STARTUPS NEED LAWYERS, NOT LEGAL TEMPLATES
When growth and funding are top priorities, it is wise to not let legal soundness fall to the wayside. Not surprisingly, 1 in 10 startups fails due to overlooked legal issues. Without a lawyer looking out for your best interests, it’s easy to miss common legal mishaps that pose a threat to any startup.
Mistake #1: Many startups rely on legal templates easily downloadable online to “cover their bases” and save money. What seems like a wise choice from an economic perspective can lead to significant liability if you don’t know what you are doing. Tax forms and incorporation documents might be free to download, but most entrepreneurs don’t have the legal know-how to be sure the forms are being utilized properly. Minor errors or oversights in those free legal templates can spell disaster down the road in the form of lawsuits or worse.
Solution: Seek the advice of an experienced professional, like the attorneys at Kira Doyle Law, to act as your trusted legal counsel. Adding this expert to your startup team will do so much more than simply handling legal documents such as terms of agreements, employee contracts, and owner and vendor contracts. For a brand new startup, it might seem overwhelming to invest in the cost of ongoing legal counsel, but the cost is nothing compared to the cost of losing your business altogether due to simple legal mistakes.
Startups need legal protections from the many risks all businesses face. When your focus is on growth and development, be sure to add developing an ongoing relationship with a trusted legal advisor at the top of the priority list. Online templates are no substitute for personalized legal counsel from a trusted business lawyer who will anticipate issues before they become problems and provide tailored guidance as your startup grows.
At Kira Doyle Law, we are experienced in helping new and established entrepreneurs achieve success through careful financial and legal planning. We can establish a sound legal and financial system for your business so you can focus on increasing revenue and enjoy the benefits of entrepreneurship!
At Kira Doyle Law, we offer a complete spectrum of legal services for businesses and can help you make the wisest choices on how to deal with your business throughout life and in the event of your death. If you want to protect your business interests, limit your liabilities, and ensure your business is poised for growth, start by calling our office in St. Petersburg, Florida, at (727)537-6818 to schedule an appointment with one of our experienced Business Law Attorneys today!